Cash house buying companies!

Unsure_2025

Hi everyone, has anyone ever used a company called Bettermove, when selling their property? They can apparently sell within 30 days at a less reduced amount than the property value or buy for an even lower amount within 7 days, with no fees to the seller, only the purchaser. They are registered with ‘the property watchdog’ who give them very good remarks, but I’m wondering if they are also like an advertising agency for Bettermove. As you can tell, I’m not very trusting of anyone !! I’d be grateful if anyone has any knowledge/ information on them. Cheers, Unsure_2025

FlorayG

There are lots of threads on here about this sort of company and none of them have anything good to say

user1977

Unsure_2025 said:

They are registered with ‘the property watchdog’ who give them very good remarks

Never heard of them, and if you mean this bunch Property Watchdog
they say "We operate under the brand name Property Watchdog and we run an investment newsletter where we promote and run marketing campaigns on behalf of some of the leading UK finance and investment brands to help them target their products and services.".

So not a watchdog at all.

Plenty of previous threads on the forum about the house-buying companies but general opinion is to avoid and just market in the usual way at an attractive price.

Albermarle

If you are struggling to sell a property/get much interest, it is easier to just drop the asking price via the normal selling route ( via an estate agent normally) than get involved with these types of companies.

FreeBear

Albermarle said:

If you are struggling to sell a property/get much interest, it is easier to just drop the asking price via the normal selling route ( via an estate agent normally) than get involved with these types of companies.

Alternatively, pop it in a traditional auction (not one of these Modern Method of Auctions).

Once the hammer falls, completion usually happens within weeks.

RelievedSheff

As the previous posters have already said you will be much better off just selling through the traditional route but at a reduced price.

These property buying outfits are well known for offering low figures to start with and then reducing their offer further right before exchange.

pinkshoes

Unsure_2025 said:

Hi everyone, has anyone ever used a company called Bettermove, when selling their property? They can apparently sell within 30 days at a less reduced amount than the property value or buy for an even lower amount within 7 days, with no fees to the seller, only the purchaser. They are registered with ‘the property watchdog’ who give them very good remarks, but I’m wondering if they are also like an advertising agency for Bettermove. As you can tell, I’m not very trusting of anyone !! I’d be grateful if anyone has any knowledge/ information on them. Cheers, Unsure_2025

They're a business.

The aim of a business is to make money.

So they will work out what your house is worth (but a low estimate), then knock off a very large percentage they want as profit, then deduct all buying fees and fees to sell it again.

So you get a quick sale, and they make money. 

Good for people who are desperate to sell quickly, but they are also known for dirty tactics of lowering the price at the last minute leaving you a dilemma of whether to accept the even lower price, or deal with whatever the desperation issue is that caused you to have to sell quickly in the first place.

The best option is to put it in a traditional auction at a very sensible price.

ReadySteadyPop

RelievedSheff said:

As the previous posters have already said you will be much better off just selling through the traditional route but at a reduced price.

These property buying outfits are well known for offering low figures to start with and then reducing their offer further right before exchange.

Buyers using the traditional route can also do this.

Sapindus

ReadySteadyPop said:

RelievedSheff said:

As the previous posters have already said you will be much better off just selling through the traditional route but at a reduced price.

These property buying outfits are well known for offering low figures to start with and then reducing their offer further right before exchange.

Buyers using the traditional route can also do this.

Yes but traditional buyers do not lock you into an agreement whereby you can only sell to them for the next 12 months.

ReadySteadyPop

Sapindus said:

ReadySteadyPop said:

RelievedSheff said:

As the previous posters have already said you will be much better off just selling through the traditional route but at a reduced price.

These property buying outfits are well known for offering low figures to start with and then reducing their offer further right before exchange.

Buyers using the traditional route can also do this.

Yes but traditional buyers do not lock you into an agreement whereby you can only sell to them for the next 12 months.

Fair point.

ReadySteadyPop

Unsure_2025 said:

Hi everyone, has anyone ever used a company called Bettermove, when selling their property? They can apparently sell within 30 days at a less reduced amount than the property value or buy for an even lower amount within 7 days, with no fees to the seller, only the purchaser. They are registered with ‘the property watchdog’ who give them very good remarks, but I’m wondering if they are also like an advertising agency for Bettermove. As you can tell, I’m not very trusting of anyone !! I’d be grateful if anyone has any knowledge/ information on them. Cheers, Unsure_2025

Why do you think you need this company to sell?